Bitcoin (BTC) Price: Hits $80,000 for the First Time Since May as ETF Inflows Surge
TLDR
- Bitcoin crossed $80,000 for the first time since May 15, 2026
- BTC is up 38% from its late-June/early-July lows near $58,000
- U.S. spot Bitcoin ETFs saw $1.9 billion in inflows last week, the largest since October 2025
- Falling Treasury yields and U.S. Treasury buyback policy helped drive the move
- Over $220 million in crypto short liquidations occurred in 24 hours around the $80K break
Bitcoin climbed above $80,000 on Monday for the first time since May 15, extending a recovery that has picked up pace over the past week.
The move came during the Wall Street open, with BTC/USD rising around 3% on the day before pulling back slightly after the European close.
From its late-June and early-July lows, where Bitcoin briefly dipped below $58,000, BTC has now gained roughly 38%.
The recovery has been helped by shifting U.S. Treasury policy. The Treasury doubled its planned buybacks of long-dated government bonds through early November, funding those purchases with short-term debt. On Monday, the Treasury also suggested it could use its nearly $1 trillion General Account to fund those buybacks.
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